Forest Packaging(SH:605500)2023-10-09 07:24Group 1: Market Overview - The paper and paper products industry is constrained by resources and environmental factors, with demand driven by various application fields [1] - Recent years have seen a slowdown in export business growth due to factors like domestic manufacturing downturn, US-China trade tensions, and Eastern European instability [1] - The overall supply-demand relationship in the industry is expected to improve due to the rapid growth in logistics and express packaging demand [1] Group 2: Company Performance - The company's performance in the first half of the year declined compared to the same period last year, primarily due to reduced other income and government subsidies [1] - The management plans to leverage its complete industrial chain and regional advantages to recover from the downturn [1] - The second quarter showed improvement compared to the first quarter, which was affected by the Spring Festival holiday [1] Group 3: Future Outlook - The company maintains a rich supply of waste paper resources and regional market advantages, which are expected to support future growth [1] - Management expresses confidence in the company's resilience and future development prospects [1]